1.9.1.1 Create Verification Type

This topic provides the systematic instructions to create verification type.

The Create Verification Type enables users to define the verification type based on the verification mode, context of application, document configured.

To create verification type

  1. On Homescreen, click Menu, and click Retail Origination, and then click Configurations.
  2. Under Configurations, click Verifications and click Verification Type and then click Create Verification Type.

    The Create Verification Type screen displays.

    Figure 1-114 Create Verification Type


    Description of Figure 1-114 follows
    Description of "Figure 1-114 Create Verification Type"

  3. Specify the fields on the Create Verification Type screen.

    For more information, refer to the fields description table below.

    Note:

    The fields marked as Required are mandatory.

    Table 1-118 Create Verification Type – Field Description

    Field Description
    Type ID Specify the unique identifier to define verification type.

    Note: The maximum length is 16 characters.

    Name Specify the name of the verification type.

    Note: The maximum length is 255 characters.

    Description Specify the description of the verification type.

    Note: The maximum length is 255 characters.

    Entity Select the entity from the drop-down list.
    The available options are:
    • Party
    • Product
    • Collateral
    Customer Type Select the customer type from the drop-down list.
    The available options are:
    • Individual
    • Small and Medium Business

    This field appears only if entity is selected as Party.

    Product Category Select the product category from the drop-down list.
    The available options are:
    • Individual
    • Small and Medium Business

    This field appears only if entity is selected as Product.

    Collateral Type Select the collateral type from the drop-down list.
    The available options are:
    • Guarantee
    • Vehicle
    • Precious Metal
    • Deposits
    • Bonds
    • Stocks
    • Insurance
    • Accounts Receivable
    • Inventory (Stock of Material)
    • Property

    This field appears only if entity is selected as Collateral.

    Mandatory Select to indicate whether the specific verification type is required before the application can proceed to the next stage of origination.
    The available options are:
    • Yes
    • No
    Verification Mode Select the verification mode from the drop-down list to define how the verification process will be executed or assisted.
    The available options are:
    • Manual
    • External
    Questionnaire Code Select the questionnaire code from the drop-down list.

    This field appears only if the verification mode is selected as Manual.

    Contextual Verification Applicable Select to indicate whether to show related application data during the verification.
    The available options are:
    • Yes
    • No

    For more information on Context Details, refer to the Table 1-119 table below.

    Document Applicable Select to indicate whether the specific supporting documents are required for this verification.
    The available options are:
    • Yes
    • No

    For more information on Document Details, refer to the Table 1-120 table below.

    Table 1-119 Context Details

    Field Description
    Add Context Click this button to add the context details.
    Context Name Select the context name from the drop-down list. The drop-down options are shown based on the entity selected.
    Attribute Select the attribute from the drop-down list. The drop-down options are shown based on the context name selected.
    Actions Perform one of the following actions on the added record.
    • Click save to save the added context details.
    • Click cancel to cancel the added context details.
    • Click edit to edit the saved context details.
    • Click Delete to delete the saved context details.

    Table 1-120 Document Details

    Field Description
    Document Name Select the document from the drop-down list. The drop-down options are shown based on the product configuration.
    Mandatory
    • Switch Toggle ON to set the document as mandatory.
    • Switch Toggle OFF to set the document as optional.
    Actions Perform one of the following actions on the added record.
    • Click save to save the added document details.
    • Click cancel to cancel the added document details.
    • Click edit to edit the saved document details.
    • Click Delete to delete the saved document details.
    Number of Mandatory Documents Specify the number of documents that are mandatory for this verification type.
  4. Perform one of the following actions on this screen:
    • Click Cancel to cancel the added records.
    • Click Save to save the added records and close the screen.
    A new verification type tile is created on the View Verification Type screen.

Parent topic: Verification Type